The situation is still extremely uncertain.
According to my preferred scenario, the correction is not over; even if the last bearish movement seems impulsive, it appears too short (in time) to be qualified as minuette degree.
However the last minor Elliott wave pattern could also be, like a first alternative, a completed flat a-b-c or an ongoing triangle a-b-c-d-e
The 1428-1425 is a Fibonacci price cluster area and a reaction is possible.
I stay very cautious.
Have a great trading day...with care!
A financial markets outlook through "The Elliott Wave Principle" and The Golden Ratios
Pagine
"All human activities have three distinctive features: pattern, time and ratio - all of which observe the Fibonacci Summation Series" (R.N. Elliott - "Nature's Law - the Secret of the Universe" - 1946)
I always believe that we got to be certain over things; it is why we must trade only when we are sure. I always trade with proper analyzing and method too, it is what helps most. I work with OctaFX broker and they have excellent set of features and facilities which counts from small spreads, high leverage, fast execution, huge cash back where I get up to 50% back on all trades even if lost and the support is also great with them been available 24/5.
ReplyDelete